AT&T Inc. (T) Expected to Post Quarterly Sales of $45.09 Billion

Brokerages expect AT&T Inc. (NYSE:T) to post sales of $45.09 billion for the current quarter, Zacks reports. Thirteen analysts have made estimates for AT&T’s earnings, with the highest sales estimate coming in at $45.53 billion and the lowest estimate coming in at $44.21 billion. AT&T reported sales of $38.04 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 18.5%. The business is expected to announce its next quarterly earnings results before the market opens on Wednesday, April 24th.

According to Zacks, analysts expect that AT&T will report full year sales of $183.93 billion for the current financial year, with estimates ranging from $181.57 billion to $185.85 billion. For the next year, analysts anticipate that the firm will post sales of $185.47 billion, with estimates ranging from $182.14 billion to $191.84 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow AT&T.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, January 30th. The technology company reported $0.86 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.86. AT&T had a return on equity of 13.47% and a net margin of 11.34%. The business had revenue of $47.99 billion for the quarter, compared to the consensus estimate of $48.50 billion. During the same period in the prior year, the business earned $0.78 earnings per share. The business’s revenue was up 15.2% on a year-over-year basis.

Several equities analysts recently commented on the company. Raymond James upgraded AT&T from a “market perform” rating to an “outperform” rating and set a $34.00 target price for the company in a research note on Friday, March 15th. They noted that the move was a valuation call. Cowen reiterated a “buy” rating and issued a $35.00 target price on shares of AT&T in a research note on Thursday, January 31st. ValuEngine lowered AT&T from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 5th. Desjardins reiterated an “average” rating and issued a $56.50 target price on shares of AT&T in a research note on Friday, April 5th. Finally, Barclays set a $32.00 target price on AT&T and gave the company a “hold” rating in a research note on Friday, January 18th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $36.26.

Shares of NYSE:T traded up $0.08 on Friday, hitting $32.03. The company had a trading volume of 23,283,526 shares, compared to its average volume of 31,155,492. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.86. AT&T has a 52-week low of $26.80 and a 52-week high of $35.33. The company has a market capitalization of $196.63 billion, a P/E ratio of 9.10, a P/E/G ratio of 1.35 and a beta of 0.59.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be paid a dividend of $0.51 per share. The ex-dividend date is Tuesday, April 9th. This represents a $2.04 annualized dividend and a yield of 6.37%. AT&T’s dividend payout ratio is presently 57.95%.

In other AT&T news, CEO John T. Stankey sold 3,748 shares of the company’s stock in a transaction dated Thursday, January 31st. The stock was sold at an average price of $29.84, for a total transaction of $111,840.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.07% of the company’s stock.

A number of large investors have recently made changes to their positions in T. Stone House Investment Management LLC purchased a new position in AT&T in the first quarter valued at about $41,000. NuWave Investment Management LLC purchased a new position in AT&T in the fourth quarter valued at about $40,000. Abacus Planning Group Inc. purchased a new position in AT&T in the fourth quarter valued at about $458,000. WealthTrust Arizona LLC boosted its holdings in AT&T by 76.2% in the fourth quarter. WealthTrust Arizona LLC now owns 1,427 shares of the technology company’s stock valued at $41,000 after purchasing an additional 617 shares during the last quarter. Finally, Cranbrook Wealth Management LLC boosted its holdings in AT&T by 76.4% in the fourth quarter. Cranbrook Wealth Management LLC now owns 1,596 shares of the technology company’s stock valued at $46,000 after purchasing an additional 691 shares during the last quarter. Institutional investors own 64.59% of the company’s stock.

AT&T Company Profile

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

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Earnings History and Estimates for AT&T (NYSE:T)

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